Eye on Lithium: 1.7GWh of energy storage will enter the Aussie market in two years
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All your lithium news Wednesday, August 31.
Oregon-based energy storage platform provider, Powin LLC, and Australian battery storage developer Akaysha Energy are partnering to deploy more than 1.7GWh of energy storage systems over the next two years.
For some context, 1.7GWh is enough to replace Gladstone, Queensland’s biggest coal fired station, for one hour.
With more than 3GWh of energy storage capacity in its portfolio, Akaysha was recently acquired by a fund managed by BlackRock Real Assets’ Climate Infrastructure business.
BlackRock Real Assets also revealed its intent to commit more than AU$1 billion (US$700 million) of capital to support Akaysha’s development of battery storage assets in Australia.
This partnership with Akaysha represents Powin’s entry into one of the largest and most sophisticated energy markets in the world.
As Australia continues to decommission fossil fuel power plants and invest further in renewable power, energy storage is critical in maintaining grid reliability while keeping energy prices low.
“It is critical to have a diverse competitive landscape in the Australian energy storage market,” Akaysha Energy’s managing director Nick Carter says.
“Powin’s vertically integrated and flexible business model reduces project cost and risk by having multiple trusted cell suppliers, proprietary software, and an in-house power plant controller.”
Powin has delivered over 2,500 MWh of battery energy storage supply (BESS) in over eight different countries and has a contracted pipeline to supply over 10,000MWh of energy storage systems globally over the next three years.
39 lithium companies finished in the green, 56 fell flat and 36 ended the day in the red.
Galan says high-flow, high-grade long-term pumping test results continue to deliver higher production capacity parameters at the Pata Pila, which is an integral part of the current definitive feasibility study for the Hombre Muerto West (HMW) Lithium Project.
Rates were pumped between 17 and 20 L/s, with extracted Li grade between 821 and 927 mg/L.
GAL exploration manager Alvaro Henriquez says the company has also extended the reservoir quality throughout the main alluvial deposits on the tenements with the latest exploration well intercepts.
“These outcomes provide further validation of the world-class nature of the HMW Project and its planned development.”
Exploration drilling continues at the HMW Project with the next drill-hole located at Casa del Inca.
This drillhole is designed to validate the potential hydrogeological extension of the brine reservoir between the Pata Pila alluvial fan and salar margin below recent lava flows in Casa del Inca, as suggested by surface resistivity surveys.
Numerous thick pegmatite zones have been confirmed across the King Tamba Critical Metals Project near Mount Magnet in Western Australia with results hitting rubidium, caesium, lithium, tantalum and niobium.
Best individual assays from the program completed during May and June include 580ppm rubidium, 3940ppm lithium, 754ppm caesium, 229ppm niobium, and 352ppm tantalum.
Results are pending for 16 more holes and two partial holes with characterisation work underway using a combination of XRD and scanning electron microscopy.
XTC has appointed Dr José Luis Martín to lead the technical team in Catamarca, Northern Argentina.
Martin is a highly experienced lithium brine geologist and will be instrumental in advancing Xantippe’s Catamarca Project in the heart of the prolific ‘Lithium Triangle’.
Part of Xantippe’s land package includes a project that was cut short a few years ago when direct extraction of lithium was still in its infancy – Mart says the company will explore and develop this project, buoyed by the favourable results obtained within the same sedimentary basin of its neighbours Lake Resources in their Kachi Project.
“Being able to re-engage in the exploration of Salar Escondido, or “Carachi”, is a personal challenge and goal,” he said.
Lithium Australia is raising just over $12 million for the commercialisation of the company’s wholly owned subsidiaries Envirostream Australia and VSPC Pty Ltd, as well as for general working capital.
Envirostream is leading the Australian battery recycling industry and proceeds here will be used to drive the increase of safe recycling of spent battery volumes at its operational facilities in Victoria.
A national expansion study will also be undertaken during FY2023.
VSPC, on the other hand, is developing advanced powders for next generation lithium-ion batteries, especially lithium ferro phosphate (LFP).
Funds will be used to complete engineering studies for the expansion of our current facilities and to advance offtake and raw material relationships for the LFP supply chain.